EUR Trading Outlook (05-02-2016)

EUR/USD Intraday: further advance.

Pivot: 1.1115

Our preference: long positions above 1.1115 with targets @ 1.124 & 1.131 in extension.

Alternative scenario: below 1.1115 look for further downside with 1.107 & 1.1 as targets.

Comment: the RSI is mixed to bullish. The pair validated a Pennant: a bullish continuation pattern.

Supports and resistances:
1.137 **
1.131 **
1.124 **
1.122 Last
1.1115 ***
1.107 *
1.1 **

Ticker : EUR
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